Paytm Payments Bank customers can enjoy high returns on linked fixed deposits - : India's three-party payments paytm

More than 95% of Indian households prefer to deposit their money in bank deposits. This has become the preferred investment option for the masses. However, many of our compatriots still do not have access to simple, high yielding linked term deposits. For this reason, we have partnered with Induslnd Bank to launch the first of its kind by creating a Linked Fixed Deposit. As with our other product offerings, our time deposit service will prioritise convenience and flexibility. If your account balance exceeds Rs. 1 lakh at the end of the day, we will automatically initiate a fixed deposit for you. This will provide you with a hassle-free, paperless experience while enhancing your savings and earning potential.

- Interest rates as high as 6.5% per annum

- No paperwork required

- Instant redemption

- No additional costs

You can also redeem your deposits at any time without paying early redemption or miscellaneous fees and get an interest rate of up to 6.51 TP3T per annum.Renu Satti, Former Executive Director & CEO - Paytm Payments Bank said, "Most Indians prefer to to safer investment options for higher return potential. Our service will offer the convenience of zero paperwork, instant redemption and no extra charges, which is one of the most preferred investment options in India. We are confident that our clients will appreciate our efforts to simplify their investments while providing consistent returns."

Moreover, if you become a senior citizen before the maturity of your fixed deposit, your savings will be automatically renewed to the Senior Citizen Programme, thereby earning higher interest rates. Act now and start saving through Paytm Payments Bank!

Updated: 15 February 2021